2007-03-18 09:28:17 · 4 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Consult your nearest Magic 8 Ball.
2007-03-18 09:52:37 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If you look closely at the data you will see some areas in S CA not declining or declining very little relative to other areas. Each area is different and different factors matter. Not all areas went up as fast so not all areas will go down as fast or as far.
If people could predict accurately they would be rather wealthy and selling their services.
If you take the long view prices will not go down enough to matter. S CA has had three housing price falls in the last 15 to 20 years. Yet house prices are up from 1990.
2007-03-18 12:34:07 · answer #2 · answered by Anonymous · 0⤊ 0⤋
There are many factors which affect housing prices in our area:
supply and demand (currently the scales are tipped to the supply side),
interest rates (very good and holding steady), underwriting guidelines (tightened up so qualifying is more strict....100% loans will be really tough).
economy (which could also be affected by disasters in the area)
Basically, all of these are unpredictable. Today we have a strong buyer's market. If you are a buyer, BUY. If you are a seller, sell if you want to capture the recent equity increase or hold for another cycle.
2007-03-18 10:11:27 · answer #3 · answered by carmensellsthehighdesert 3 · 0⤊ 0⤋
Since early January the Orange County Market has been strong and home values have actually increased.
Regards
2007-03-18 13:31:14 · answer #4 · answered by Anonymous · 0⤊ 0⤋